In Addition to Exchange Revenues, GASB Standards Discuss Four Categories

question 14

Essay

In addition to exchange revenues, GASB standards discuss four categories of nonexchange revenues. For each of the following revenues recognized by a city indicate the category into which it best fits.
A. A state grant that the city must accept and use to hire air pollution inspectors
________________________
B. Revenue from fees charged by the police department to monitor a charity bicycle ride
_______________________
C. Fines for traffic violations
_______________________
D. A federal grant to support general education services.
_______________________
E. Investments in the state's investment pool.
________________________
F. Hotel occupancy tax.
________________________
G. Local option sales tax
________________________
H. City library late fees
________________________

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Definitions:

Lead Times

The duration between the initiation and completion of a process or project, often used in manufacturing and supply chain management to schedule production or deliveries.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Large-Scale Simulations

Computational models used to replicate and analyze the behavior of complex systems under various scenarios on a large scale.

Computers

Electronic devices capable of performing complex calculations at high speeds, processing, and storing large amounts of data, and executing programmed instructions.